GBP/USD – British Pound Downtrend Intact Vs US Dollar

Key Highlights The British Pound recovered well from 1.3030, but faced strong offers near 1.3300 against the US Dollar. A key bearish trend line with current resistance at 1.3260 on the 4-hours chart of GBP/USD is acting as a barrier. The US Industrial Production in Sep 2017 posted a 0.3% rise, more than the +0.2% forecast. Today in the UK, the Claimant Count Chan...
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Gold Price is Back in Uptrend Above $1285 Vs US Dollar

Key Highlights Gold price after forming a bottom near $1260 against the US Dollar started an upside move. There was a break above a key bearish trend line with resistance at $1284 on the 4-hours chart of XAU/USD. Recently in the US, the NY Empire State Manufacturing Index posted a rise from 24.4 to 30.2 in Oct 2017. Today, the US Industrial Production for Sep 2017...
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NZD/USD – Kiwi Dollar Back In Uptrend; Faces Challenge Near 0.7350-90

Key Highlights The New Zealand Dollar after trading as low as 0.7223, formed support against the US Dollar and recovered well. There was a break above a major bearish trend line at 0.7300 on the 4-hours chart of NZD/USD. New Zealand’s Producer Price Index Output rose 1.3% (QoQ) in Q2 2017, more than the forecast of +0.7%. Today, the US Industrial Production figu...
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EURUSD – Can Euro Break 1.0700 Versus US Dollar?

Key Highlights The Euro faced selling pressure this past week, but remained above the 1.0610 support against the US Dollar. There is a major resistance formed at 1.0675 and 1.0690 on the 4-hours chart of EURUSD. Recently in the US, the NY Empire State Manufacturing index for April 2017 released by the Federal Reserve Bank of New York posted a decline from 16.4 to 5.2...
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USDCHF – Can US Dollar Sellers Continue Current Momentum?

USDCHF – Can US Dollar Sellers Continue Current Momentum? Key Highlights US Dollar recently struggled against the Swiss Franc, and it looks like sellers have an upper hand at the moment. There is a major bullish trend line formed on the 4-hours chart of USDCHF, which remains at a risk due to the recent downside move. Today, the US Consumer Price Index figure will ...
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USDCHF – US Dollar Looking For Break Higher?

USDCHF – US Dollar Looking For Break Higher? Key Highlights             US Dollar is trading with a bullish tone against the Swiss Franc and possibly setting up for an upside break. There is a major resistance area formed near 0.9680, which can be seen as a short term breakout area. Today, the US Industrial Production will be released by the Board of Gov...
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Dollar Slides Post Disappointing US Production Report

Key Highlights US Dollar was seen trading lower against a basket of currencies, including the Japanese Yen. The Empire State Manufacturing Survey conducted by the Federal Reserve Bank of New York came in at -1.98 in June 2015, whereas the market was expecting an increase to 5.20. US Industrial Production released by the Board of Governors of the Federal Reserve declined...
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